Brown Forman (BF.B) Posts Earnings Results, Beats Estimates By $0.09 EPS

Brown Forman (NYSE:BF.B) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09, Briefing.com reports. The firm had revenue of $914.00 million during the quarter, compared to analyst estimates of $870.60 million. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Brown Forman updated its FY18 guidance to $1.90-1.98 EPS.

Brown Forman (BF.B) opened at $65.85 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. The company has a market cap of $23,828.58, a PE ratio of 34.26 and a beta of 0.96. Brown Forman has a 1-year low of $43.72 and a 1-year high of $67.98.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be issued a $0.198 dividend. This is an increase from Brown Forman’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, December 6th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.20%. Brown Forman’s dividend payout ratio (DPR) is presently 40.56%.

A number of research analysts have recently weighed in on BF.B shares. SunTrust Banks restated a “hold” rating and set a $50.00 price objective on shares of Brown Forman in a research report on Friday, October 6th. Pivotal Research restated a “buy” rating and set a $62.00 price objective on shares of Brown Forman in a research report on Monday, September 4th. Zacks Investment Research upgraded Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 31st. Berenberg Bank restated a “hold” rating and set a $46.00 price objective on shares of Brown Forman in a research report on Monday, September 18th. Finally, Goldman Sachs Group raised shares of Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Thursday, September 28th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Brown Forman presently has a consensus rating of “Hold” and a consensus target price of $55.10.

TRADEMARK VIOLATION NOTICE: This report was posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3079204/brown-forman-bf-b-posts-earnings-results-beats-estimates-by-0-09-eps.html.

About Brown Forman

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

Earnings History for Brown Forman (NYSE:BF.B)

Receive News & Ratings for Brown Forman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown Forman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.